Ericsson files patent suit against Samsung

SteveGelsi

NEW YORK (MarketWatch) -- Ericsson
ERIC, -0.09%ERICB, +0.44%ERICA, +0.58%
said Tuesday it filed a patent lawsuit against Samsung Electronic Co.
005930, -2.47%
in U.S. District Court in the Eastern District of Texas, which covers the region near the U.S. headquarters of the world's largest maker of mobile network infrastructure. The suit alleges that Samsung infringed on its mobile technology patents. The legal action comes after the companies failed to reach a license agreement after nearly two years of negotiations, Ericsson said. In a prepared statement, Samsung said it's, "faithfully committed itself to conducting fair and reasonable negotiations with Ericsson over the past two years, but Ericsson has demanded prohibitively higher royalty rates to renew the same patent portfolio." The move by Ericsson comes as Apple Inc.
AAPL, -0.87%
remains in a legal battle with Samsung over patents for its products, including the iPhone and iPad.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.